The Knicks and Mike Woodson have finalized a multiyear contract that will keep the coach in New York, according to Frank Isola of the New York Daily News (via Twitter). The Knicks have confirmed the deal in a press release.

Al Iannazzone of Newsday reported earlier this week that Woodson and the Knicks were nearing an agreement, while a number of subsequent reports suggested that an announcement from the team was expected later in the week. According to Marc Berman of the New York Post, the deal is for three years and could exceed $10MM.

Woodson took over as the Knicks interim head coach earlier this season, after the team parted ways with Mike D'Antoni. The former Hawks coach led New York to an 18-6 record to finish the regular season before the Knicks were eliminated by the Heat in the first round of the playoffs.